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the election. u.s. businesses added 171,000 jobs in october across many industries. four days after sandy, the gas crunch in jersey, access to cash in the northeast and controversy nixes sunday's running of the new york ci maratho that and more tonight on "n.b.r.!" we begin with jobs. employers beefed up their payrolls last month, adding more bs than expected as more americans counted themselves among the labor forcbs the official labor department count shows 171,000 jobs wereor created last month. that's much stronger than the 125,000 analysts were looking for. and the government revised its september w job count up to 148,000. thanks to more people lookingco for work, the unemployment rate rose slightly t7.9%. darren gersh has the story from washington d.c. >> reporter: the october employment report makes it clear a jobs recovery is solidly underway. >> i think the key message there is that employment growth has been taken up a notch. over the last three months we've added over 170,000 jobs on average. that's a little bit better than what we've been seeing. that is enough over the long
evening i susie gharib. u.s. stocks are trading again, after hurricane sandy forces an historic two-day shutdown. >> gom: llll street gets back to business, as damage and recovery estimates start to climb, plus,e what it takes to restore power to millions in the northeast. >> susie: and with stocks open for trading, no surpri, home depot was the dow's standout., >> tom: lots ahead, that and more tonight on "n.b.r."! >> susie: an historic day on here on wall street, after the storm of the century knocked down the financial district. us stoto markets resumedtsed operations today after two days in the dark, stocks were little changed: both the dow and the nasdaq fell 10 points, but the s&p 500 gained a fraction. trading here at the new york stock exchange opened without a hitch. th new york stock exchange opened right on time. and as new york's mayor bloomberg rang the opening bell this morning, traders were happy to be back to work. it looked like a normal day, with the buzz of activity, traders milling about. it was anything but normal no one knows that better than larry leibowitz, t
that encouraging report on jobless claims and the confidence survey were collected before hurricane sandy. meanwhile, the effects of the monster storm are paralyzing much of new jersey andew york city here's an update: four and a half million people are still without power, and it could take another ten days before power is restored. limited flights have re ad atme all of the airports in the new york area.at public schools are still closed in the city, as well as many schools in new jersey. and filling up on gas is the toughest problem of all. gas stations are running dry, and others do not have electricity to pump gas. motorists lined by the hundreds in new jersey, waiting and hoping for fuel. still ahead, we have more on sandy: flood insurance, the cost of getting power turned back on, and the challenge of getting around america's busiest city. >> tom: october marked a pick-up in private hiring. that's the word from payroll processing firm adp. it says u.s. private payrolls grew by 158,000 positions in october. that higher than expected number comes as adp overhauls how it calculates th
: wall street is hardly back to normal, with reminders of hurricane sandy still obvious everywhere. but, at least the presidential election could provide a distraction for the coping with the storm's aftermath. the question is will the stock market continue to distract in the days following tomorrow'sng big contest? that may depend on its outcome. like many on wall street, nyse trader jonathan corpina predicts a mitt romney win will ba biga win for stock prices. >> i think when you see new regimes, new presidents come in to play isort of a turmoil time, that change is always viewed as good and the market views that as good news. >> reporter: on the other hand, corpina doesn't think the re- election of president obama will trigger a selloff.so more likely he would expect to see status quo for stocks. >> i think people have bought intohe fact that the market is going to take a long time to recover, our economy is going to take a long time to recover and the market has seemed to stay on the track so to speak.in >> reporter: of course there is also the possibility however remote, that it mi
economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other states where more people looking for relief. later in the program, we'll look at sandy's impact on retailers. >> tom: the biggest bank in america has the okay now from uncle sam to pay back shareholders. jpmorgan will be allowed to restart a stock buyback plan early next year. like all systemically important banks jpmorgan has to get regulatory approval to change its dividend or stock-repurchase plan. the regulators want banks to have enough financial firepower to withstand troubled times before the banks will spend money on share holders. jpmorgan's buyback strategy was suspended this year after it lost $6 billion when a derivative t
sandy. do you have more clarity now? >> i do have clarity on sandy and frankly it's devastating. particularly on individuals. we had 200 of our stores closed for the first three days of the november period and then many more were closed after that because we didn't have power. we definitely were impacted in a major way at our company. >> reporter: for the current quarter you expect to fall short of wall street forecasts by at least five cents. are you still comfortable with those expectations? >> we try to guide honestly and if we're able to exceed that number that's always good news. but we try to guide where we believe we're going to be so we're confident with our forecasts. >> reporter: terry thank you so much. >> thanks ruben. >> tom: while many wal-mart employees spent black friday working the check-out line, others were manning the picket line. they used the high profile shopping day to protest low wages, work schedules and employee benefits. the protests were organized by a union-backed employee group called "our walmart". demonstrations were planned for one thousand stor
generic drugs, which come with higher margins. the company said hurricane sandy will hit fourth quarter earnings by about penny per share. p four of the five most tively traded e.t.f.s were higher, but the ipath s&p 500 exchangeos traded note was the weakest, down 3.5%. and that's tonight's "market focus." >> susie: in the storm-ravaged states of new york and new jersey, officials made sure everyone today would be able to vote. authorities let residents uprooted by hurricane sandy vote at any polling center in their states. in new jersey, some citizens were even allowed to cast ballots by email. as suzanne pratt reports, sandy's chaos didn't stop voters from getting to the polls. >> reporter: parsippany, new jersey, was hit hard by hurricane sandy. many homes still have no power, d many gas stations are still dry.y nevereless, residents made it vheir business to vote today, even though their polling site had to be moved at the last minute to a new location. >> reporter: in manhattan, only a handful of voting centers had to be changed because of the storm's aftermath. this site downtown
update the aftermath of sandy as president obama gets a first hand look at the devastation along new jersey's shoreline. >> ifill: then, how do you plan for increasingly common super storms? ray suarez examines th as part of aour series: ouping with climate citnge. >> woodruff: jeffrey brown reports on the battle of the ground game, hard fought on wisconsin's turf. >> who knew? it turns out that green bay iste one of the most swinging cities in the whole country, politically speaking, that is. we'll explain. >> ifill: the supreme court devoted its day to drusniffing dogs and privacy rights. we talk with marcia coyle of the dtional law journal. >> woodruff: and spencer michels looks at the complaints about apple's maps and the high stakes for those trying to come up with something better. >> the battle over digital map making indicates how crucial this field has become and it could bode well for consumers as the maps get better. >> ifill: that's all ahead on tonight's "newshour." major funding or the pbs newshour has been provided by: di ♪ ♪ moving our economy for 160 years. bnsf
with climate change" series. >> as people continue to clean up from hurricane sandy, we look at what it could take to keep this damage from happening again. >> brown: ray suarez updates the health care reform law, as the obama administration issues new rules governing what insurers must cover. >> woodruff: and we close under the bright lights of high school football, where a trail-blazing coach puts her players' studies ahead of practice. >> you won't be playing football. we like to think we have a lot of life to live so you will too and you need to prepare for that. football is kind of just icing on the >> brown: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: >> bnsf railway. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank y
from superstorm sandy continue to rise, paul solman looks at weather risks and the business of insurance. >> all insurance companies are paying very careful attention to the variability and the volatility in the climate. >> brown: and poet joy harjo celebrates the focal point of families and thanksgiving: the kitchen table. >> woodruff: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: after another day of violence, a ceasefire deal between israel and hamas was finally announced in cairo today. but further negotiations on key longer-term sticking points between the two sides were put off for now. egypt's foreign minister, mohammed kamel amr, announced the breakthrough with secretary of state hillary clinton at his si
by the frankenstorm benignly named sandy. having surveyed all this damage "bloomberg business week" concluded: "it's global warming, stupid: if hurricane sandy doesn't persuade americans to get serious about climate change, nothing will." well it was enough to prompt president obama, at his press conference this week, to say more about global warming than he did all year. >> i am a firm believer that climate change is real, that it is impacted by human behavior and carbon emissions. and as a consequence, i think we've got an obligation to future generations to do something about it. >> but he made it clear that actually doing something about it will take a back seat to the economy for now. he did return to new york on thursday to review the recovery effort on staten island. climate change and hurricane sandy brought naomi klein to town, too. you may know her as the author of "the shock doctrine: the rise of disaster capitalism." readers of two influential magazines to put naomi klein high on the list of the 100 leading public thinkers in the world. she is now reporting for a new book and documenta
on worries that the costs of hurricane sandy will eat into profits. the dow jones industrial average lost 139 points to close at 13,093. the nasdaq fell almost 38 points to close at 2,982. for the week, the dow and the nasdaq were off a fraction of 1%. korean auto makers hyundai and kia could end up paying hundreds of millions of dollars to car owners as compensation for overstating fuel economy. the environmental protection agency now says an audit revealed that 13 models averaged up to six miles a gallon less than advertised. some 900,000 vehicles sold in the last three years are affected. u.s. intelligence officials have rejected claims they failed to answer the attack on the u.s. consulate in benghazi, libya. there've been reports the cia told its security officers to "stand down" and not try to repel the attackers. senior intelligence officials denied that on thursday. they said a security team responded within 25 minutes, en though eney were outmanneer and outgunned.ne those are some of the day's major stories. now, back to judy. >> woodruff: this was another difficult day in the afterm
sandy in the borough of queens in new york. >> there's people who have been without attention for a long time. some with, some without running water. definitely without power. you know, so as time goes, it gets worse. and i'm afraid if we don't like, really get this situation under control. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: israel and the militant group hamas slid closer to all-out war today. the israelis blasted gaza with scores of air strikes, and the palestinians said 16 people were killed there. hamas and its allies fired more than 200 rockets and even stru
of "sandy". the death toll reached 92 and the focus on physical damage shifted to new jersey, where the monster storm blasted barrier islands and other waterside cities. the mas force of the orm's destruction along the jersey shore came fully into view today. town after town presented stark scenes of wrecked homes and boats, underscoring the long process of rebuilding that es ahead. one of those tow was t long beach community north of atlantic city, where army national guard troops arrived to assist. >> a lot of devastation. the island has been hit very hard. from what i understand there is roughly 18,000 homes without poeser, there is severe gas leaks, so right now we are just trying to get everything together for the office of emergency management here and the different municipalities and just assist them with whaterer needs they have going on.er >> brown: and even three days later, some long beach residents still could not believe the power of the srm. >> this was the deepest water i have ever seen, in my lifetime of being here. i was 11 in the '62 storm and the water came an inc
toward recovery today, one week after hurricane sandy hit. but for many in new jersey and new york, normal routines are still a longay off.lo we have two reports, beginning with an overview from kwame holman.e >> reporter: it was the closest think to a full-scale morning commute since the storm hit a week ago. it taxed transit systems to the limit in new york city, connecticut and parts of new rsey >> we keep missing trains because it's so packed you can't enter the trainsrs >> reporter: lines stretched for blocks as thousands of people tried to get to work. trains from new jersey to new york remained out, but key subway lines connecting manhattan to brooklyn under the east river werepen. and the statten island ferry was running. >> i don'think it's really normal for anyone right now.'t we have so much on our minds right now especially for those who have family that lost everything, you know. not normal yet. r:eporter: the trarns it challenges came on top of a cold night for thousands of people still with t power with temperatures dropping into the 30s.th >> we have hot soup, hot c
in the wake of hurricane sandy. >> this is awful, this is just beyond, it's terrible, it's awful, i am done. >> mother nature is really killing us right now. sorry for whatever we did, we will make it up to you. >> it's snowing, this is like insult to injury, we just had a hurricane, now we 're having a blizzard. >> sreenivasan: the worst was the wind-- gusts of 50 to 60 miles an hour that blacked out customers who'd just had their power restored. by this morning, 750,000 homes and businesses were in the dark in the new york region-- 200,000 more than before the nor'easter hit. governor andrew cuomo charged utility companies planned poorly for "sandy" and are still playing catch-up. >> you look at what a utility company does and it basically comes down to wire and poles and crews and trucks. these are things you would want to have. how can you run out of poles? and then we have utility companies competing with each other to find the poles the way we competed to find crews and equipment. >> sreenivasan: meanwhile, on the roads, the snow made bumper- to-bumper collisions a common sight, espec
benefits jumped to a one-and-a-half year high, surging 78,000, thanks to super- storm sandy. the total was 439,000. meantime, consumer inflation slowed to a one tenth of a percent increase, thanks to lower energy prices. without food and energy, core inflation was up two tenths of a percent. on wall street, the dow fell 28.5 points, the nasdaq was down almost ten, and the s&p 500 dropped two. if you want to know how the economy is faring, it pays to keep an eye on walmart. after all, it has over 10,000 stores across the globe, selling more than $1 billion worth of stuff every day. it earned $1.08 per share in the third quarter, a penny more than estimates, and up 11% from last year. but revenues were a little shy of forecast, and walmart's outlook for this quarter was less than anticipated. compare that to rival target's quarterly earnings-- four cents better than expectations at 81 cents a share and a holiday outlook that didn't disappoint. erika miller reports on what the results say about all-important the holiday season. >> reporter: $3.6 billion. that almost unthinkable number is
that. and with the impact of sandy, we don't really know how it's going popular vote on the east coast. >> belva: that is the storm. >> the storm, the hurricane. new jersey, you're talking about, new york, i'm hearing ohio there's some effects. this could be an issue. we reallyng- this is a -- could be a cliff hanger. >> belva: we seem to be able to talk about most things, very little about issues in this whole election cycle, because there's been such a predominant tax and other groups contributing to races. again, we feel the ping of money when it comes to the congressional race. >> absolutely. and sa amento in particular has been an incredible hot bed of spending on congressional races because there are actually four pretty well contested races that sort of fall within that media market. there's the seventh district, where republican incumbent dan lundgren is in serious trouble as democratic challenger takes a second bite at the apple and that's considered a tossup race. jerry mcnearny is the only democratic incumbent who is considered to be a tossup in california, just got moved t
results don't even include the sales lift from superstorm sandy. home depot also raised its profit outlook for the year. if housing continues to improve, experts say it's a bullish sign for the rest of the economy. >> now, as we start to see residential investment recovery, that should help other sectors of the economy through demand for building materials, through more demand for other products-- furniture, you name it! >> reporter: she's optimistic housing will remain one of the few bright spots in an otherwise sluggish recovery. erika miller, "n.b.r.," new york. >> susie: it was an unhappy earnings story in the third quarter for saks. the upscale department store said sales and profits were hurt by a modest spike in promotions. on top of that, saks expects sales to be flat in the current holiday period because of a slow start to november due to hurricane sandy. noow, trouble at saks underscores new worries spreading throughout the luxury sector about the all important holiday season. suzanne pratt reports. >> reporter: on manhattan's 5th avenue, it's beginning to look a lot like christm
slid 0.3% in october, more than expected, and the first decline in three months. hurricane sandy was behind at least some of the sales decline. but there are fresh worries today about the underlying strength of the american consumer. suzanne pratt reports. >> reporter: hurricane sandy is going to get blamed a lot in the coming weeks for soft economic data. and, rightfully so. after all the superstorm paralyzed a good chunk of the northeast for at least a week. that meant, no shopping, no eating out, and no filling up the tank. >> clearly, the retail sales data were weak and they were weak across a lot of categories. the commerce dept did talk about the affects on hurricane sandy on the numbers. but, it's hard to quantify. >> reporter: the question is whether that consumer paralysis will continue into the all important holiday retail season. many economists say that really depends on whether americans feel secure in the their jobs. here's the good news: there has recently been some improvement on the labor front. on top of that, many shoppers are finding their wallets are thicker
spiking because of hurricane sandy. that's welcome relief to many drivers, but it still costs more to fill up your tank now compared to a year ago. erika miller reports from one of the most expensive cities to fill 'er up. >> reporter: here in new york city, the long lines and gas rationing are finally gone, but there's more good news. like the rest of the nation, gas is actually cheaper now than before superstorm sandy. a month ago, superstorm sandy shut down refineries in the northeast, delayed oil shipments and left many gasoline stations without power. in some hard hit areas, prices spiked more than ten cents a gallon. but now, the situation has drastically improved here and around the country. regular unleaded costs an average of $3.42 nationwide. that's 12 cents below where it was a month ago. but drivers are still paying about 12 cents more for gas today than a year ago. a big reason is escalating middle east tensions. >> anytime you have that kind of conflict in the middle east, whether it's the israelis or the egyptians, the syrians, it really the disruption of flow, you know. any
spending and stronger u.s. exports also helped. the impact super-storm sandy has had on the job market seems to be dissipating. 23,000 fewer americans filed for first-time unemployment benefits during thanksgiving week compared to a week earlier. the total was 393,000. it had jumped to over 400,000 in the weeks following the storm. still, we saw just modest gains on wall street today-- the dow rose 36 points, the nasdaq was up 20, and the s&p 500 added six. >> tom: the roster of companies announcing special one-time paydays for their shareholders continued growing today. taxes on stock dividends are currently set at 15%. but with no deal on the fiscal cliff, dividends will be taxed like regular income, meaning they could go up to over 40% for some high-income households. we spoke with larry mendelson, the chairman and c.e.o. at avionics gear maker heico, which announced its own special dividend this week. larry, thank you for joining us, we appreciate it. what role did the fiscal cliff play in heico decision to paid fiscal dividend. >> i think the fiscal cliff was very important. and m
hurricane sandy battered the region. police cars in new york city patrolled low-lying neighborhoods, urging people to evacuate again. the approaching nor'easter brought a wintry mix of cold and snow and possibly, minor flooding in already damaged coastal areas. new york mayor michael bloomberg: >> we haven't and won't order the kind of large scale evacuation we ordered in advance of hurricane sandy but if you are experiencing significant flooding during sandy you should consider taking shelter with friends and family at a safer spot or using one of the city's storm center shelters. >> sreenivasan: in new jersey, thousands of storm-weary people braced for their brush with the new storm, even as cleanup efforts continued from "sandy". governor chris christie suggested it was a little like the biblical plagues. >> when i finally got that final kind of, forecast that i got last night, i said i'm waiting for the locusts and pestilence next, you know. >> sreenivasan: the storm could al bring wind gusts of 65 miles an hour-- bedeviling efforts to restore power to more than 600,000 customers still
the rockaways on new york's long island about insurance woes for victims of hurricane sandy. >> everything you're looking at here is destroyed. this used to be a really beautiful restaurant. >> where is the financing coming from if you don't have flood insurance? >> i don't know. i really don't. >> brown: and we close with the first of several conversations we'll have with newly elected senators. tonight: maine independent angus king. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> intel. sponsors of tomorrow. >> the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: egypt's leaders tried today to mediate a truce between israel and hamas, but there was no outwar
storm sandy. >> as we're going through the reconstruction eand rebuilding, we have to find ways to build this city back stronger and than ever before. >> new york city, no electricity, no lights, millions in the dark, fires, subways flooded, ruined rampant, many deaths. >>people work in the insubway system, in the construction industry in this state ve said they've never seen damage like this, so it's a new reality for us, and i think it's one that we're going to have to deal with. >> besides new york, new jersey was a victim of the disaster. governor chris christie .reviewd the situation at the shoreline, president obama at his side. >> we are here for you, and we will not forget. we will follow up to ma sure that you get all the help you need until you've rebuilt. >> later, at a news conference, the governor gave his report. >> the president of the united states and i have had six conversations since sunday. that shows a level of caring and ofconcern and interest that i think a leader should be giving to th ty of situation. so today, in fact, reed asked me this after i got off, after
from super storm sandy, a nor'easter is pummeling the region tonight, bringing with it powerful rains, wind and sleet. already today, 22,000 homes and businesses have lost power between the carolinas and new york. that's on top of the 650,000 people still without power from sandy last week. today's storm has also forced the cancellation of nearly 1,500 flights in the northeast, with newark airport in new jersey facing the most cancellations. >> susie: boeing showed today how it's preparing for the so- called "fiscal cliff": it's restructuring its defense business, big time. as the pentagon's largest supplier, boeing said it is slashing management jobs by 30%, consolidating business units and closing some defense facilities in california. boeing hopes to cut costs by more than $1.5 billion over the next two years. >> susie: boeing shares got caught up in the market downdraft, tom, falling 2%, and it had plenty of company. all 30 of the dow components were in the red today. >> there was a lot of red on the screen this post-election day. in europe, and also earnings, all getting mixed in
at columbia university. >> susie: new damage estimates today on super storm sandy. the insurance industry will be on the hook for as much as $22 billion, according to numbers compiled by disaster-modeling firm air worldwide. the total is three billion less than the original tally, issued just after hurricane sandy made landfall in late october. >> tom: it was back to work for wall street, with the major stock indices ending mixed. the selling was stronger earlier in the day, with the s&p 500 hitting its lowest level of the session before noon eastern time. the losses were reduced in afternoon trade with the index finishing down just 0.2%. trading volume remains modest. 630 million shares on the big board. a tad over 1.6 billion on the nasdaq. the selling pressure showed up in the telecommunication sector, falling 1%. the energy and consumer staples sectors also fell. with so much focus on consumers and spending over the weekend, grocery stocks led the consumer sector lower today. super markets safeway and whole foods were down 3.2% and 3.1% respectively. kraft foods fell 2.1%. kraft trade
: now, a report on the recovery from the superstorm sandy. new york governor andrew cuomo said today he intends to ask the federal government for at least $30 billion in aid. new jersey is still tallying its losses, and damages in the region are expected to exceed $50 billion. schools officially reopened today in one community along the jersey shore. but for the past week, teachers have been already hard at work, helping students deal with the aftermath of the storms. special correspondent john tulenko of learning matters filed this story from the town of belmar. >> reporter: hurricane sandy tore into belmar, new jersey. >> belmar was one of the towns you would continually hear about on the radio. families reported seeing four, five, six-foot wall of water >> how are you? reporter: lisa hannah is assistant principal at belmar's one elementary school. many of her students are recent immigrants. most of their families had nowhere else to go. >> i don't think anyone was really prepared for what happened >> reporter: inside this house three children and their parents were counting on luck.
sandy, did that spress turnout? >> we'll see what the final numbers say at the end of the day. we know both the states and municipalities took every step they could to make sureprheir voters' votes would count. the the state of new jersey even allowed you to e-mail youra ballot in. all the states adapted. hopefully it didn't depress turnout put we haven't seen the final numbers. >> suarez: in 20 minutes there will be another round of closing. what will you and the campaig be looking at in particular? thee're taking a look state of virginia and florida, which look like a couple of the closest states on the map. those states could go late into the night. there's no question there are still folks voting in line in south florida who have been there for a while. so i think that will take time to close out. new hampshire, voting continues for a little while more. and then i assumee allize will rn to ohio and the midwest. >> suarez: ben lebolt from the obama campaign. thank you. >> ifill: we can tell you you the associated press projected a winner in ree states, kentucky, vermont, and virgini
fitzgerald on hurricane sandy's destructive path through her home town of staten island. that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: ♪ ♪ ♪ moving our economy for 160 ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: demonstrations, clashes with the police, and tear gas in tahrir square-- familiar scenes in egypt nearly two years ago that led to the fall of longtime leader hosni mubark. but today, they were aimed at egypt's new leader. in the coastal city of alexandria, opponents set fire to the offices of president mohammed morsi's political party, the muslim brotherhood. there and elsewhere in egypt today, the president's c
and other supplies thanks to super-storm sandy in the northeast. shares jumped to a new 52 week high. volume more than doubled with the stock up 6.2%. one tax set to go up in january is the tax on stock dividends. wal-mart today had an early gift for its shareholders. it moved up the payment of its fourth quarter dividend. walmart will pay out $39.75 per share on december 27. it had been scheduled to go out january second. under current law the tax on common dividends could go from 15% to as high as 43% for some shareholders. shares were up 1.5% on heavier than usual volume. j.p. morgan gained 2.8% before announcing a new chief financial officer late today. marianne lake currently is the chief financial officer at the bank's consumer business. the management shake-up comes after the bank's $6 billion derivatives trading loss this spring. just ahead of thanksgiving, the country's biggest meat producer tyson foods saw the impact of this summer's midwestern drought. dry conditions led to higher animal feed costs, leading to less meat supply, helping tyson raise prices. bottom line for the quart
claims fell by 41,000 as the impact of super- storm sandy on the job market began to ease. still, new claims remain over 400,000 thanks to the storm. on wall street: the dow closed up 48 points, the nasdaq added almost 10, and the s&p 500 finished higher by three. >> susie: stocks also rose on news of a ceasefire in the fighting between hamas and israel in the gaza strip. the announcement came after a week of rocket attacks and counter-attacks that has killed an estimated 150 people. most of the dead are palestinians. and just before that agreement to end hostilities, a bomb exploded in a tel aviv bus station injuring 27. >> tom: i don't wake up trying to solve for wall street, i wake up trying to solve for our members and customers each and every day. still ahead, we talk health care reform with florida's largest health insurer, chairman and c.e.o. of florida blue, patrick gerahty joins us. >> tom: among the taxes scheduled to go up on new year's day if there is no solution to the fiscal cliff are taxes on dividends and capital gains. 403 of the 500 companies in the s&p 500 stock ind
with sandy that, you know, climate change is upon us. we have to start doing something about climate change and global warming. >> tom: as we're facing this fiscal cliff, this dividend cliff at the end of the year, what is your message to your shareholders, those shareholders of your stock that rely on quarterly dividend checks? >> i would say be patient. hang in there. i think if we have parity and combined with that tax reform and a fix to our financial situation, our deficit situation, that, you know, investors will do very, very well. but we have to fix our country's fiscal problems first and foremost. if that ultimately involves a small increase in taxes on investments but at the same time we have tax reform and, you know, we fix the budget, i think our economy will do very well and i think investors in our company but also many other companies will do quite well. >> tom: lew, thank you very much. the chairman of next-era energy. >> thank >> tom: for more research on investors and how they tend to spend dividends, but won't touch capital gains, head to our website nbr.com and look for
, more than 400,000 syrians have fled to neighboring states. it's been two weeks since hurricane sandy walloped the northeast, and, as of today, more than 130,000 homes and businesses across new york and new jersey still were in the dark. new york city mayor michael bloomberg warned again the process of restoration and recovery will be slow. . a lot of residents unfortunately will be out of power for a long time. but rather than complain about it or even write about it, we're trying to do something about it. we can sit around and bring or hands and say it's terrible. mother nature brought us this storm. now we're just going to deal with it. we're going to go methodically street by street building by building and help people get going. we're going to do the most important life-threatening things first. and then we'll come back. we're not going to stop until everybody is back. >> holman: there also were more signs of progress today, as gasoline rationing ended in central and northern new jersey. rationing continues in new york city. wall street slid again today, amid concerns about impen
inside the mega-storm called hurricane sandy. it airs sunday on most pbs stations. all that and more is on our web site, newshour.pbs.org. judy. >> woodruff: and that's the newshour for tonight. on monday, we'll look at president obama's trip to the southeast asian nation of myanmar, where he'll meet with opposition leader and nobel prize winner aung sang su kyi. i'm judy woodruff. >> brown: and i'm jeffrey brown. "washington week" with gwen ifill can be seen later this evening on most pbs stations. after that, ray hosts tonight's edition of "need to know." the topic-- this year's record- setting $6 billion of campaign spending. we'll see you online, and again here monday evening. have a nice weekend. thank you and good night. >> major funding for the pbs newshour has been provided by: >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and b
of manhattan, as the area still copes from the aftermath of hurricane sandy. elsewhere, volunteers served thanksgiving meals to needy families at homeless shelters across the country, like this one in washington, d.c. turkey and all the trimmings were also served to u.s. troops overseas at bases in afghanistan and kuwait. the british broadcasting corporation appointed a new director-general in the wake of its worst crisis in years. tony hall-- a former bbc news executive and currently the head of the royal opera house-- will replace george entwistle. entwistle resigned from the post earlier this month, amid a controversy stemming from the bbc's coverage of child sex abuse. >> sreenivasan: next, reducing greece's big debt. the troubled country appears to be on track to get some much- needed aid next week. but european union leaders meeting at a summit this week are still unable to agree on how to cut greece's debt to a more sustainable level. "newshour" economics correspondent paul solman has a behind the scenes look at the efforts to do so. it's part of his ongoing reporting on "making se
by hurricane sandy in new york has risen again to $42 billion. governor andrew cuomo announced the new figure today. it includes $32 billion for repairs and restoration and almost $10 billion more for measures to prevent damage from the next major storm. the state, along with new york city, will ask for federal disaster aid based on the damage tally. one of the legendary bands of rock 'n' roll is marking its golden anniversary. the rolling stones celebrated 50 years last night in london, with the first of five shows in the united kingdom and the u.s. nina nannar of independent television news filed this report. >> two and a half hours, 23 songs, and 50 years. . ♪ i said hey, hey, you, you. ♪ get off of my cloud. ♪ hey, hey, you, you, get of my cloud. ♪ hey, hey, you, you, get off of my cloud ♪ >> thankfully for the rolling stones glowing reviews on this, their opening night of their anniversary tour. ♪ i want to be your lover, baby i want to be your man ♪ >> reporter: the men have a combined age of 273 years. but last night, they were clearly enjoying their trip down memory lane
can find more and the reach out and read program lost thousands of books after hurricane sandy last month. >> brown: finally tonight, the college football season is reaching a climax of rivalries and conference championship games and its basketball season is now underway. but much of the action in college sports these days is away from the field or the court, as schools change affiliations and leagues. in the last 18 months some 30 colleges have made moves. among the most prominent, the university of louisville's departure from the big east to join the atlantic coast conference or a.c.c. and two eastern schools headed to the big ten, traditionally a midwest-based conference: the university of maryland is leaving the a.c.c. and rutgers is departing from the big east. what's going on? sportswriter and author john feinstein joins me now. john, first of all, for the uninitiated, explain the role of these conferences traditionally. how do they work and how do they divide up the college world? >> well, jeff, conferences were designed initially to take schools that were together geographic
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